This property looks like a bad Long-Term investment with a projected -19.61% first-year return on $128k initial cash invested.
-19.61%
Cash On Cash
2.52%
Cap Rate
0.4
DSCR
$2,700
Rent
-$2,089
Cashflow
Cash Flow
$2,700 income − $4,789 expenses = $2,089 out of pocket
Investment Breakdown
|
Purchase Price
$609k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$128k
Downpayment
20%
$122k
Closing costs
1%
$6,086
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,700
Total Expenses
$4,789
Mortgage P&I
120%
$3,231
Property Taxes
23%
$628
Home Insurance
8%
$228
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0